TBS International Ltd. (fka TBSIQ)

[Hotlead]

Thank you, but that's the known risk you take when you trade bankrupt stocks like this. It's not like trading any other stock. You must be nimble and prepared to lose. You know that going in. I've traded hundreds of these bankrupt stocks and made good money on over 80% of them. You can't ask for more than that. And I've already made some decent money on this one. It could go a lot lower first, but there is still money there to be made, IMHO.

That being said, I realize that the vast majority of these companies common stocks will eventually be worthless. Even those that eventually come out of bankruptcy, typically issue new common stock and have the old declared worthless. It's a game of musical chairs. Just don't be holding too much when the music stops.